China Trade - Highlight
25 May 2017
Guangxi has made accelerating the growth of processing trade. It aims to increase the value-added of processing trade by encouraging the diversification of assembly processing into R&D, design as well as upstream and downstream sectors. As Guangxi’s processing trade trends towards mid- to high-end, some of the labour-intensive processes have started to move out and industry chains are being formed with neighbouring ASEAN countries.
The Visegrad Four (V4) nations, consisting of the Czech Republic, Hungary, Poland and Slovakia, are poised to benefit most from rising trade and investment flows between China and Central and Eastern Europe on the back of the “16+1” format and Belt and Road Initiative. Hong Kong is a crucial link in providing the important capital flows and the highly sought-after assurance to V4 enterprises.